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look at equities with a little bit of a china exposure because china is starting to bottom a little bit, we think, so that's where i would focus. the number one thing and the greatest clarity i have in 26 years in this business, stay away from interest rate sensitive bonds and stay away from bond funds, and that's what you need to be doing right this moment. >> so you go on equities then, all in in equities then? >> let me tell you, if you're going to be an investor for longer than two years, stay away. if you need fixed income, run away from interest rate sensitive bonds. >> what about the fiscal cliff, you think we get a deal by the end of next week? we going to get a deal? >> i don't see a long-term deal. >> it's pretty easy to come to that conclusion, brian, given the fact that they have had 13 months to discuss this and think about it and now we're down to 18 days to deal with medicare, medicaid and defense spending, what, social security, taxes. what else can we throw into the bucket? >> yeah. you can just throwing more and more in. i think it's clear that they won't be able to co
look at equities with a little bit of a china exposure because china is starting to bottom a little bit, we think, so that's where i would focus. the number one thing and the greatest clarity i have in 26 years in this business, stay away from interest rate sensitive bonds and stay away from bond funds, and that's what you need to be doing right this moment. >> so you go on equities then, all in in equities then? >> let me tell you, if you're going to be an investor for longer than...
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it's about a twenty two percent import tariff into china you want to bring in chinese car in the united states there's virtually no tariff it's two percent two point one percent i think it is where is your attention is and you know worked on it's only free trade has led to the greatest degree of human prosperity in literally the history of humanity being alive right now is being alive in the most prosperous time of or at least disagree with protectionism where alexander hamilton proposed protectionism seven hundred ninety one in his letter to congress you can read it is letter on manufacturers use the boy plan congress adopted it in seven hundred ninety three we had averaged tariffs and seven hundred ninety three to the one nine hundred eighty s. of thirty one percent and it strangled our ship in it it built the biggest industrial democracy in the world but it also destroyed one of the greatest shipping empires what a sell massachusetts was to protectionism. you know how i'm willing to give up shipping to have manufacturing all across the president with the politicians but the guys in s
it's about a twenty two percent import tariff into china you want to bring in chinese car in the united states there's virtually no tariff it's two percent two point one percent i think it is where is your attention is and you know worked on it's only free trade has led to the greatest degree of human prosperity in literally the history of humanity being alive right now is being alive in the most prosperous time of or at least disagree with protectionism where alexander hamilton proposed...
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cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked readers to pick out the top lies of the year. the top five. here's the first one. >> what we now have is the biggest tax increase in the history of the world. obama-care is just a massive tax increase. that's all it is. >> cenk: that's awesome. the biggest tax increase in the history of the world. now the reeders picked that number one biggest lie now number two was this one. >> if you got a business, you didn't build that, somebody else made that happen. >> my father's hands didn't build this company? my hands didn't build this company? >> through hard work an
cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked...
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to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get called out on it. i think this ended up backfiring on them. they were desperate at that point. they were desperate to win ohio. i think it was net loss. they got killed, as you say, and it back fired. >> i think it's one of the things that worked the other way. whiplash against it. thank you, great reporting. when we return, let me finish with the ultimate triumph this year. believe it or not, of truth. you're watching "hardball," the place for politics. >>> let me finish tonight with this. memory is a fascinating thing. what we choose to hang on to, what hangs on in our mind, no matter what we choose. if you're like me, you remember the big ones. you remember the president's bad night in that first debate. actually, that's one i tried hard to get out of my mind. it's punishing just to think about. you remember the oddness of watching mitt romney stand in fr
to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get called out on it. i think this ended up backfiring on them. they were desperate at that point. they were desperate to win ohio. i think it was net loss. they got killed, as you say, and it back fired. >> i think it's one of the things that worked the other way. whiplash against it. thank you, great...
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to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get called out on it. i think this ended up backfiring on them. they were desperate at that point. they were desperate to win ohio. i think it was net loss. they got killed, as you say, and it back fired. >> i think it's one of the things that worked the other way. whiplash against it. thank you, great reporting. when we return, let me finish with the ultimate triumph this year. believe it or not, of truth. you're watching "hardball," the place for politics. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together
to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get called out on it. i think this ended up backfiring on them. they were desperate at that point. they were desperate to win ohio. i think it was net loss. they got killed, as you say, and it back fired. >> i think it's one of the things that worked the other way. whiplash against it. thank you, great...
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the stock market is undervalued right now because of all the noise in europe, the fiscal cliff, and china. with that in mind, i think your best bet is to stay near normal valuations for 2013. > there is nothing you want to take off the table right now, right? take some profits home so you don't have to deal with the tax gains issue of next year? nothing? > > put it this way: i would rather be in financials and materials than i would be in energies and utilities. so if you are overweight in energies and utilities, perhaps sell that. i think the best group next year is going to be financials and materials. > run with the banks. good to have you on the show. that is larry shover of sfg alternatives. > > thank you. legislation dramatically shrinking the power of unions has won approval in michigan. last night, governor rick snyder signed two bills into law that change michigan into a right-to- work state. thousands of protestors for and against the measure staged demonstrations inside and outside the capitol in lansing, michigan. despite shouts from pro-union workers, the gop-led house okayed
the stock market is undervalued right now because of all the noise in europe, the fiscal cliff, and china. with that in mind, i think your best bet is to stay near normal valuations for 2013. > there is nothing you want to take off the table right now, right? take some profits home so you don't have to deal with the tax gains issue of next year? nothing? > > put it this way: i would rather be in financials and materials than i would be in energies and utilities. so if you are...
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china has a veto power there. china's patience was taxed with this launch, the foreign ministry spokesman expressing regret, which is a strong word from beijing. but it is unclear what measures china would accept as means of punishment of north korea. greta? >> greta: do you know why the window was extended for this launch and then they launched it? is there any explaining for that, yet? >> it could have been a measure by thome confuse and throw everything off the track. yesterday, local time, local media said that the rocket was being dismantled -- sorry, two days ago, saying it was dismantled from the launch pad, perhaps for repairs. a couple of hours later, it was put back and the launch took place, perhaps without south korean media and the government there watching, particularly closely, everyone expected it to be put back by a matter of days. >> greta: thank you. today, the u.n. security council condemning the rocket launch, saying it will urgently consider an appropriate response. now, exactly what would th
china has a veto power there. china's patience was taxed with this launch, the foreign ministry spokesman expressing regret, which is a strong word from beijing. but it is unclear what measures china would accept as means of punishment of north korea. greta? >> greta: do you know why the window was extended for this launch and then they launched it? is there any explaining for that, yet? >> it could have been a measure by thome confuse and throw everything off the track. yesterday,...
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competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way to mob violence, vocal dissent turned to revenge. property destruction and violent assault. bob, you a bird's eye seat to. this got to be tough to come to term with the end of the movement. >> bob: you as delusional as you have ever been. the idea the labor move element go away because you wrote that crap is ridiculous. the fact of the matter is very few indense of violence yesterday. 13,000 people. and three or four people got in the hiddal of it. >> eric: why should there be any? >> bob: because you had people attacking the people. you have a tent that was there -- >> eric: you would -- [ overtalk ] >> bob: got us in trouble. got me in trouble. >> eric: this is america. peaceful protest is fine. we start to lay hands on people, game changer. >> greg: i don't know.
competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way to mob violence, vocal dissent turned to revenge. property destruction and violent assault. bob, you a bird's eye seat to. this got to be tough to come to term with the end...
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i would say unions have an opportunity globally especially in countries that are now growing, like china to be able to level the playing field a little bit. but in addition to unions organizing the unorganized, what about people who are not in a union who are watching this and feel discouraged, like you feel in a way, but what can we do to push back against that? >> yeah i hope i don't sound too discouraged, i'm just mad -- >> jennifer: you are revving up so you are starting to sound better. >> well it was just heart breaking listening to your description of what happened to my town sitting here. but listen if you are watching this at home and you are discouraged and you are feeling we just reelected barack obama, what the heck is going on? you have to get involved yourself. go down and join your local democratic party in your county or town. i can guarantee you if you show up at next month's meeting of the county or town democrats, there won't be ten people there. bring ten of your friends and you will become your county's democratic party. >> jennifer: and a lot of them will be old peo
i would say unions have an opportunity globally especially in countries that are now growing, like china to be able to level the playing field a little bit. but in addition to unions organizing the unorganized, what about people who are not in a union who are watching this and feel discouraged, like you feel in a way, but what can we do to push back against that? >> yeah i hope i don't sound too discouraged, i'm just mad -- >> jennifer: you are revving up so you are starting to...
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they used to produce a lot in china. they've decide wages are too high in china. they moved toward bangladesh which has the world's lowest minimum wage for a country that does serious manufacturing about $37 a month. and walmart sears other countries look to bangladesh because they want to produce apparel at the very lowest cost and they're worried if they invest a lot more in, say in wages or fire safety, that might force them to pay $5 a shirt rather than $4 a shirt and they worry that will make them competitive. my sense is having to talk to experts is western companies import about $18 billion worth of apparel each year from bangladesh and it might cost a billion or $2 billion to get several thousand apparel factories in shape to prevent fires, to provide fire escapes to provide good, safe stairways for people to come down. and i think the thinking is that might raise the price of apparel by 2%, 3%, which wouldn't kill us if we have to pay 50 cents more for a $20 shirt. >> jennifer: that's the issue. return on investment. cost benefit analysis that these compa
they used to produce a lot in china. they've decide wages are too high in china. they moved toward bangladesh which has the world's lowest minimum wage for a country that does serious manufacturing about $37 a month. and walmart sears other countries look to bangladesh because they want to produce apparel at the very lowest cost and they're worried if they invest a lot more in, say in wages or fire safety, that might force them to pay $5 a shirt rather than $4 a shirt and they worry that will...
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if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed next year, what do you think would they have been able to do this? >> i think it would be a lot of tougher. there are a number of republicans who have close ties to labor but you know, the other weird thing, eliot because they were jammed through in the space of two days by using those maneuvers to do it, you'll never know the answer because nobody had a chance to work on people, to comment whether they would be persuaded. >> eliot: governor granholm, thank you for joining us tonight. >> thanks, eliot. (vo) this friday current tv presents a special event. >> nobody knows disasters like comedians. tha
if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed...
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and the side that said things that were dead-wrong about the jeep factory heading to china and the nonsense of getting rid of the work requirement for welfare, and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe the reason that people telling the most truth won. and the people telling the most untruth lost is for that very reason. we were all of us paying attention, because it really mattered. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, and welcome to "the ed show" from new york. john boehner is getting pressure from all sides and looking for friends where he can find them. this is "the ed show." let's get to work. >> i'm pretty confident that republicans would not hold middle class taxes hostage. >> democrats put the ball back in boehner's court, and they're turning the screws on the speaker. >> it's tough. but you have to do it. so is the point that you don't want to put your members on the spot, figure it out. >> democ
and the side that said things that were dead-wrong about the jeep factory heading to china and the nonsense of getting rid of the work requirement for welfare, and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe the reason that people telling the most truth won. and the people telling the most untruth lost is for that very reason. we were all of us paying attention, because it really mattered. that's...
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is the claim by the romney campaign that jeep was going to move its production to china at the cost of american jobs. >> the 2012 lie of the year -- ♪ guess what the truth is ♪ ♪ this can't speak anymore ♪ >> the most outlandish -- ♪ liar liar pants on fire ♪ >> stephanie: liar! ♪ liar ♪ >> untrue statement of the entire year in politics. ♪ born born to be a liar born to be a liar he was born ♪ >> stephanie: he was born that way. thank you rocky mountain mike. all right. so you have -- tina dupuy has the -- the 2012 naughty or nice list. >> that's right. editor and chief of thecontributor.com. >> stephanie: i was get doing that. good morning, tina. >> good morning, stephanie. >> stephanie: would you like some festive christmas music for your list? [ laughter ] >> my favorite. >> stephanie: i love -- first starting on the naught david petraeus for choosing a mistress who clearly cannot keep a secret. >> seriously. this is just a sex thing. we're obsessed with sex scandals. i'm obsessed with people who are the head of the cia and cannot stay away from people who appar
is the claim by the romney campaign that jeep was going to move its production to china at the cost of american jobs. >> the 2012 lie of the year -- ♪ guess what the truth is ♪ ♪ this can't speak anymore ♪ >> the most outlandish -- ♪ liar liar pants on fire ♪ >> stephanie: liar! ♪ liar ♪ >> untrue statement of the entire year in politics. ♪ born born to be a liar born to be a liar he was born ♪ >> stephanie: he was born that way. thank you rocky...
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think about countries like china and germany. they're continuing to expand their wind industries in the renewable energy sectors. if we don't support our wind energy industry here and the wind manufacturing facilities we're effectively offshoring and exporting those jobs. our global competitors aren't hesitating. they're encouraging wind power development. and they know the longer we fail to act, literally the more wind they can steal from our sails. so enough is enough. this is an american industry. it needs to continue to be an american industry. but we risk everything, literally everything if we let the p.t.c. lapse in 18 days. so let's focus on this made in america potential. through it we can obtain energy independence. we can ensure energy security and we keep jobs in new mexico and colorado, minnesota, new york, every state in our great country. so let's not wait any longer. let's continue to build this clean energy economy right here in the united states. mr. president, let's do it today. the p.t.c. equals jobs. let's pas
think about countries like china and germany. they're continuing to expand their wind industries in the renewable energy sectors. if we don't support our wind energy industry here and the wind manufacturing facilities we're effectively offshoring and exporting those jobs. our global competitors aren't hesitating. they're encouraging wind power development. and they know the longer we fail to act, literally the more wind they can steal from our sails. so enough is enough. this is an american...
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. >> reporter: but those options are limited without china's backing. megyn: the north koreans launch this rocket. the satellite into orbit and we get concerned. we say this is a test about it northt koreans to see if you can deliver a nuclear war head to places as far away to the united states. now we see there are other related problems perhaps not anticipated. coming up in just a bit. renewing the debate over gun control. we'll show you what they want in three minutes. yesterday we introduced to you a union in philadelphia using an unusual and annoying tactic to spread its message. in today's "kelly's court" is the group within its rights to drive the residents up the wall with this? >> your community is crying for jobs, participation and fair wages. [sound of baby crying] begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a
. >> reporter: but those options are limited without china's backing. megyn: the north koreans launch this rocket. the satellite into orbit and we get concerned. we say this is a test about it northt koreans to see if you can deliver a nuclear war head to places as far away to the united states. now we see there are other related problems perhaps not anticipated. coming up in just a bit. renewing the debate over gun control. we'll show you what they want in three minutes. yesterday we...
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goldman sachs upgrading the stock, says its recent problems in china, only temporary. at this price $68 a share. 68 they say heading higher. goldman is downgrading darden restaurants. t it says -- it says the turnaround at olive guaarden is slow. it is down. boston beer makes sam adams beer, it expects to make more money next year, simple reason it is selling more beer. the stock hit all-time high today. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. stuart: the federal reserve is going to start tying interest rates to the unemployment rate. ben bernanke says he will not raise interest rates until unemployment is down to 6 1/2%. there's the link. all rise, judge andrew napolitano. i haven't even got his name out and he is shaking his head. wh
goldman sachs upgrading the stock, says its recent problems in china, only temporary. at this price $68 a share. 68 they say heading higher. goldman is downgrading darden restaurants. t it says -- it says the turnaround at olive guaarden is slow. it is down. boston beer makes sam adams beer, it expects to make more money next year, simple reason it is selling more beer. the stock hit all-time high today. introducing the ishares core, building blocks for the heart of your portfolio. find out why...
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i don't want them on a slow boat to china or a fast track to mexico. i might not ever get my steel mill back. baltimore might not ever have those jobs back but, you know, we've got to get serious in our country, what are our priorities. we have to start rewarding those industries that make products in this country. right now our whole code is oriented to protecting people who make money off of money. well, let me tell you, one day america -- we're already getting a big wake-up call. so, madam president, i have fought for more than 25 years to reverse this tide against american manufacturing and against american steel, and i'm going to keep on fighting. but right now as we go on to -- debating this fiscal cliff, we've got to make sure we look out for the safety net. if you went with me right now to dundalk and sparrow's point they would tell you they want their job and if they can't are have their job, could they please have a safety net that protects them in terms of unemployment insurance, health care benefits, and something to be able to be a bridge
i don't want them on a slow boat to china or a fast track to mexico. i might not ever get my steel mill back. baltimore might not ever have those jobs back but, you know, we've got to get serious in our country, what are our priorities. we have to start rewarding those industries that make products in this country. right now our whole code is oriented to protecting people who make money off of money. well, let me tell you, one day america -- we're already getting a big wake-up call. so, madam...
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he claimed that jeep was packing up jobs and shipping them off to china. not the case. >> bill: got caught with that lie. >> the very last batch of twinkies from the shuddered hostess company has gone on sale. it is now basically gone. super value grocery chain in chicago made the final purchase from hostess. they got an order of 20,000 twinkies. they went on sale monday at 150 different stores. pretty much all gone by yesterday. >> bill: oh, my god. how about that. you don't think they ate them. >> save them. >> they'll stay good for awhile. >> bill: sell them on ebay. yes, i have to tell you department of labor last night holiday party. hosted by secretary of labor hilda soliz and i talked to a couple of international labor presidents there lee saunders from afscme, joseph nigro from the sheet metalworkers. president jim hoffa from the teamsters was here on the program with us on monday. all of them said of course they're outraged by what happened in michigan. michigan just forcing through the republicans in the legislature, forcing through this right-to
he claimed that jeep was packing up jobs and shipping them off to china. not the case. >> bill: got caught with that lie. >> the very last batch of twinkies from the shuddered hostess company has gone on sale. it is now basically gone. super value grocery chain in chicago made the final purchase from hostess. they got an order of 20,000 twinkies. they went on sale monday at 150 different stores. pretty much all gone by yesterday. >> bill: oh, my god. how about that. you don't...
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a lot of people make an issue out of china, but we lost a lot of jobs to southern states in the united states. so we're absolutely going to market -- michigan, there is no better work force in the country than michigan. i'd argue no better work force in the world than michigan. we'll welcome business with open arms, bring those opportunities to our state. we have a beautiful state, fantastic people. >> brian: mr. speaker, thank you for joining us. best of luck for everyone to calm down in michigan and look ahead. thanks so much. >> great to be with you. thanks. >> brian: the number one country song for the last two weeks running. ♪ baby you a song ♪ you make me want to roll my windows down ♪ ♪ and croon. >> brian: they've been here since 2:00 o'clock in the morning. they'll be here live. let's check in with bill hemmer who also got here at 2:00 o'clock in the morning and is in a rock'n'roll band. >> i'm looking for the peanut but ther and jelly later today. didn't we have that last year? >> brian: yes, you d. bring your own jiffy. >> will do. thank you. breaking news on the eco
a lot of people make an issue out of china, but we lost a lot of jobs to southern states in the united states. so we're absolutely going to market -- michigan, there is no better work force in the country than michigan. i'd argue no better work force in the world than michigan. we'll welcome business with open arms, bring those opportunities to our state. we have a beautiful state, fantastic people. >> brian: mr. speaker, thank you for joining us. best of luck for everyone to calm down in...